5 On April 1, Jiro Nozomi created a new travel agency, Adventure Travel. The following transactions occurred during the company's first month. 6.66 points eBook Ask April 2 Nozomi invested $49,000 cash and computer equipment worth $30,000 in the company. April 3 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent. April 4 The company purchased $1,500 of office supplies for cash. April 10 The company paid $2,800 cash for a 12-month insurance policy. Coverage begins on April 11. April 14 The company paid $800 cash for two weeks' salaries earned by employees. April 24 The company collected $10,000 cash for commissions revenue. April 28 The company paid $800 cash for two weeks' salaries earned by employees. April 29 The company paid $550 cash for minor repairs to computer equipment. April 30 The company paid $1,250 cash for this month's telephone bill. April 30 Nozomi withdrew $2,100 cash from the company for personal use. The company's chart of accounts follows: 101 Cash 403 Commissions Revenue Print 106 Accounts Receivable 612 124 Office Supplies 622 128 Prepaid Insurance 637 167 Computer Equipment 640 Rent Expense References 168 209 Accumulated Depreciation-Computer Equipment Salaries Payable 650 301 J. Nozomi, Capital 302 J. Nozomi, Withdrawals 901 Telephone Expense Income Summary Depreciation Expense-Computer Equipment Salaries Expense Insurance Expense Office Supplies Expense 684 Repairs Expense 688 Use the following information to prepare adjusting entries: a. Prepaid insurance of $156 expired this month. b. At the end of the month, $700 of office supplies are still available. c. This month's depreciation on computer equipment is $400. d. Employees earned $300 of unpaid and unrecorded salaries as of month-end. e. The company earned $2,250 of commissions revenue that is not yet recorded at month-end. 5 od. Prepare jouman emines to Close the temporary accounts and then POST TO REY OD GL LAD, USITY Apri Su Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. 6.66 points Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 Req 5A Req 5B Req 5C Req 5D Req 6A Req 6B GL Req 7 eBook Prepare journal entries to close the temporary accounts and then post to Req 6B GL tab, using April 30 Close as the date. View transaction list Ask Print References Journal entry worksheet 1 2 3 4 Record the entry to close revenue account(s). Note: Enter debits before credits. Date April 30 General Journal Debit Credit Record entry Clear entry View general journal 5 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 6.66 points Req 4 Req 5A Req 5B Req 5C Req 5D Req 6A Req 6B GL Req 7 Prepare journal entries to close the temporary accounts and then post to Req 6B GL tab, using April 30 Close as the date. View transaction list eBook Ask Print References Journal entry worksheet > 1 2 3 4 Record the entry to close expense account(s). Note: Enter debits before credits. Date April 30 General Journal Debit Credit Record entry Clear entry View general journal 5 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 6.66 points Req 5A Req 5B Req 5C Req 5D Req 6A Req 6B GL Req 7 Prepare journal entries to close the temporary accounts and then post to Req 6B GL tab, using April 30 Close as the date. View transaction list eBook Journal entry worksheet Ask < 1 2 3 4 Print Record the entry to close income summary. References Note: Enter debits before credits. Date April 30 General Journal Debit Credit Record entry Clear entry View general journal < Req 5D Req 6B GL > 5 Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Req 4 6.66 points Req 5A Req 5B Req 5C Req 5D Req 6A Req 6B GL Req 7 Prepare journal entries to close the temporary accounts and then post to Req 6B GL tab, using April 30 Close as the date. View transaction list eBook Journal entry worksheet Ask < 1 2 3 4 Print Record the entry to close the withdrawals account. References Note: Enter debits before credits. Date April 30 General Journal Debit Credit Record entry Clear entry View general journal < Req 5D Req 6B GL > 5 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. 6.66 points Req 1 and 2 Req 3 Req 4 Req 5A Req 5B Req 5C Req 5D Req 6A Req 6B GL eBook Post the journal entries to the ledger. Ask Note: For April 30, choose the dropdown that most accurately describes the entry. General Ledger accounts 101: Cash Date Debit Credit Balance Print References Date 106: Accounts Receivable Debit Credit Balance Date 124: Office Supplies Debit Credit Balance Date 128: Prepaid Insurance Debit Balance Date Credit Balance Date Debit 168: Accumulated Depreciation-Computer equipment Credit Balance 167: Computer Equipment Debit Date 209: Salaries Payable Debit Credit Balance 301: J. Nozomi, Capital Debit Credit Balance Date Credit Balance Date 403: Commissions Revenue Debit Credit Balance 302: J. Nozomi, Withdrawals Debit 622: Salaries Expense Balance Date Debit Credit Balance 612: Depreciation Expense-Computer Equipment Date Debit Credit Date 637: Insurance Expense Debit Credit Balance Date 640: Rent Expense Debit Credit Balance Date Date 650: Office Supplies Expense Debit Credit Balance Date 684: Repairs Expense Debit Credit Balance 688: Telephone Expense Debit 901: Income Summary Credit Balance Date Debit Credit Balance < Req 6A Req 7 > 5 6.66 points eBook Ask Required: 1. & 2. Prepare journal entries to record the transactions for April and post them to ledger accounts in Req 6B GL tab. The company records prepaid and unearned items in balance sheet accounts. 3. Using account balances from Requirement 6b, prepare an unadjusted trial balance as of April 30. 4. Journalize the adjusting entries for the month, and then post to the ledger on Req 6B tab, using April 30 Adjusted as the date. 5a. Using adjusted account balances from Req 6B GL tab, prepare an adjusted trial balance as of April 30. 5b. Prepare the income statement for the month of April 30. 5c. Prepare the statement of owner's equity for the month of April 30. 5d. Prepare the balance sheet at April 30. 6a. Prepare journal entries to close the temporary accounts and then post to Req 6B GL tab, using April 30 Close as the date. 6b. Post the journal entries to the ledger. 7. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Print Req 1 and 2 Req 3 Req 4 Req 5A Req 5B Req 5C Req 5D Req 6A Req 6B GL Req 7 References Prepare a post-closing trial balance. ADVENTURE TRAVEL Post-Closing Trial Balance April 30 Account Title Debit Credit $ 0 Totals < Req 6B GL 0 Req 7 >